Payment technology company Circle has acquired Poloniex in a deal reported to be worth $400 million. Founded in 2013, Circle has been involved in a number of blockchain ventures, although in more recent years it has focused on providing peer-to-peer fiat services. Of note is the fact that Goldman Sachs is a major investor in Circle, leading many to speculate that this move represents the legacy financial firm’s intention to move boldly into the crypto space. If true, this action would not be surprising as institutions across traditional financial sectors

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